Value pp 99-101 | Cite as


  • Michael Allingham


My purpose in this book is to examine the relation between equilibrium price and scarcity, rather than to provide a justification for interpreting value as equilibrium price and thus establishing a relation between value and scarcity. However, I present a translation of Walras’ discussion of this relationship in this appendix.


Public Domain Equilibrium Price Market Equilibrium Natural Property Great Satisfaction 
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Copyright information

© Michael Allingham 1983

Authors and Affiliations

  • Michael Allingham
    • 1
  1. 1.University of KentUK

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